Panjang
BitShares Established The Trend
BitShares showing some very strong growth recently, rising from $0.04 up to $0.18, while gaining 350% over the USD. While moving up it broke above the 200 Moving Average and the upper trendline of the descending channel.
The corrective wave followed and yesterday it rejected the 327.2% Fibonacci support level at $0.12, applied to the corrective wave after the breakout of the Moving Average.
The trend remains heavily bullish and is very likely to continue. The upside target is at $0.22-0.23 which is confirmed by multiple Fibonacci levels. Another wave up form the current price $0.14 should be expected from BTS/USD, resulting in a potential growth of 60%. At the same time the correction down towards support at $0.12 can be expected and it the worst case scenario BitSahres could go back to test the 200 Moving Average. Although at this point such a correction seems unlikely.
The corrective wave followed and yesterday it rejected the 327.2% Fibonacci support level at $0.12, applied to the corrective wave after the breakout of the Moving Average.
The trend remains heavily bullish and is very likely to continue. The upside target is at $0.22-0.23 which is confirmed by multiple Fibonacci levels. Another wave up form the current price $0.14 should be expected from BTS/USD, resulting in a potential growth of 60%. At the same time the correction down towards support at $0.12 can be expected and it the worst case scenario BitSahres could go back to test the 200 Moving Average. Although at this point such a correction seems unlikely.
Nota
Getting close to the targetNota
Looking very good, should go above the target, one of my top choices nowNota
Dagangan ditutup: sasaran tercapai
First target reached, now will likely to move higher as the resistance was brokenNota
$0.38 is the resistance, could correct nowNota
resistance broken, looks like more up
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.